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How did the abandonment of the gold standard help economy during the depression?
Wiki User
∙ 7y ago
By the time of the Great Depression, every major economic nation had gone off the gold standard. The US abandoned the gold standard in 1933 and confiscated gold coins. People had been hording gold so by confiscating the coins, the government was trying to make the public use banks and paper currency and not depend on gold.
Wiki User
∙ 12y ago
Wiki User
∙ 11y agoyes
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Which of these did not rise during the Great Depression?
consumerism
What was the inflation rate after the great depression?
We were on the gold standard then. No fiat currencyhttp://inflationdata.com/inflation/images/charts/Annual_Inflation/inflation_Cumulative.htmI don't think there was much inflation after the depression. During the depression there was deflation. The economy recovered slowly so there was no spike in inflation.
Why did women and babies get abandon during the Great Depression?
During the Great Depression, money was scarce and even the money you had was worthless. Often, one couldn't afford to pay for a partner let alone support a family. This likely led to the abandonment of many women and children.
What was the pump priming during Roosevelt?
Using government spending to increase purchasing power and stimulate the economy during the Great Depression.
Which economic player did John Maynard Keynes feel was capable of restarting the economy during the Great Depression?
The government
What did not increase during Great Depression?
the economy
What is the difference with the economy today and the economy during the Great depression?
It lays eggs.
What was the economy like during The Great Depression?
bad
Which of these did not rise during the Great Depression?
consumerism
What was the inflation rate after the great depression?
We were on the gold standard then. No fiat currencyhttp://inflationdata.com/inflation/images/charts/Annual_Inflation/inflation_Cumulative.htmI don't think there was much inflation after the depression. During the depression there was deflation. The economy recovered slowly so there was no spike in inflation.
During the 1930's the nation's economy experienced?
a great depression
What was the money standard broken by Europe during the depression?
gold
Why did women and babies get abandon during the Great Depression?
During the Great Depression, money was scarce and even the money you had was worthless. Often, one couldn't afford to pay for a partner let alone support a family. This likely led to the abandonment of many women and children.
US monetary system went off this standard during the Depression?
Gold
Which describes the economy of facist Germany during the great depression?
high employment with low wages
How was the econemy during the book The Boy in the Striped Pajamas?
The economy was just recovering the Great Depression,
During World War 2 the American economy .?
Because it took us out of the great depression.
